THIRD STONE

EIN: 881217817 501(c)(3) Education

SEATTLE, WA

Total Revenue
$6,374,472
Total Expenses
$6,895,006
Total Assets
$828,184
Net Assets
$772,418
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
Principal Officer
RICHARD ALBRECHT
Phone
9175825438
Tax Period
2023-01-01 to 2023-12-31

THIRD STONE, founded in 2022, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 227% from the prior year, signaling strong growth momentum.

Mission

TO HELP FOSTER AN INCLUSIVE, ENERGIZED, AND SUSTAINABLE ARTS ECONOMY IN THE PACIFIC NORTHWEST THROUGH YOUTH EDUCATION, FESTIVAL, SPECTACLE, AND COMMUNITY DRIVEN PROGRAMMING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,660,537
Program Service Revenue $2,129,826
Investment Income $3
Other Revenue $584,106
TOTAL REVENUE $6,374,472

Expense Breakdown

Grants Paid $0
Salaries & Benefits $606,438
Fundraising Expenses $164,557
Program Expenses $6,045,185
Other Expenses $6,288,568
TOTAL EXPENSES $6,895,006

Year-over-Year Comparison

2023 2022 Change
Revenue $6,374,472 $1,946,640 +2.3%
Expenses $6,895,006 $653,688 +9.5%
Net Income $-520,534 $1,292,952 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
218
Volunteers
318

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$130,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIZ DUNN PRESIDENT 1.50
Officer Director
$0 $0 $0
RICHARD ALBRECHT TREASURER 1.50
Officer Director
$0 $0 $0
JUSTIN MOON SECRETARY 1.50
Officer Director
$0 $0 $0
MARIA MACKEY BOARD MEMBER 1.50
Director
$0 $0 $0
JOE PAGANELLI BOARD MEMBER 1.50
Director
$0 $0 $0
RUTH TRUE BOARD MEMBER 1.50
Director
$0 $0 $0
JAMES MILES EXECUTIVE DIRECTOR 40.00
Officer
$130,000 $0 $130,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,374,472 $6,895,006 $828,184 $-520,534
2022 $1,946,640 $653,688 $1,307,617 $1,292,952
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